Kitchen appliances firm TTK Prestige on Tuesday said its UK subsidiary will sell 51 per cent stake in Horwood Life Ltd and exit the joint venture. Horwood Homewares Ltd, UK (HHL) has entered into firm agreements to end...
Spectrum Brands partners with CVC in bid for Conair – sources
Consumer products company Spectrum Brands Holdings Inc has partnered with private equity firm CVC Capital Partners Ltd in a bid to buy Conair Corporation in a deal which could value the hair-care appliance maker around...
Tata Consumer Products set to sell MAP Coffee Business to Buccheri Group in Rs 6 crore deal
Tata Consumer Products Ltd (TCPL) on Saturday said its Australia based step-down subsidiary is selling MAP Coffee Business to Buccheri Group for 1.25 million Australian dollar (Rs 6.74 crore). According to TCPL’s...
Italy’s De’ Longhi to buy U.S. blender maker Capital Brands
Italian home appliance maker De’ Longhi said on Monday it had agreed to buy U.S. home appliances maker Capital Brands Holdings Inc from private equity firm Center Lane Partners for around $420 million. De’ Longhi said...
PE firms Advent International, Temasek sell 8.77% in CG Consumer for ₹1,631 cr
PE firms Advent International Corp’s Amalfiaco and Temasek’s MacRitchie Investments Pte Ltd sold 8.77% in CG Consumer for ₹1631 crore in an open market transaction on Tuesday. According to bulk deal data on NSE...
Nielsen to sell consumer goods data arm to Advent for $2.7 billion
Nielsen Holdings Plc said on Sunday it will sell its consumer goods data unit for $2.7 billion to private equity firm Advent International, as the market research firm narrows its focus to its media arm. Advent will buy...
Dhunseri Tea to sell three Assam tea estates by December 2020
Dhunseri Tea & Industries, which produces more than 10 million kgs of tea annually, has entered into an agreement with Shyam Khetojan Tea Company for sale of its Khetojan tea estate in Assam. The estate is being...
Reckitt kicks off sale of some personal care brands – sources
Consumer goods group Reckitt Benckiser Group is preparing to sell some of its non-core personal care brands, including Veet hair removal cream and Clearasil acne cream, four sources familiar with the matter said on...
Beauty brand MyGlamm acquires POPxo
Beauty products retailer MyGlamm has acquired women-centric digital platform POPxo, to expand into the online content space. Post-acquisition, POPxo’s existing investors—Chiratae Ventures, Kalaari Capital, and...
Ray Ban maker EssilorLuxottica launches share buyback
EssilorLuxottica, the maker of Ray Ban sunglasses, on Tuesday announced a plan to buy back up to 3 million shares, adding it was confident in its long-term outlook. The firm’s Italian Luxottica unit, which also makes...
Latin American venture firm Mountain Nazca buys scooter company Grow
Venture capital fund Mountain Nazca has acquired a controlling stake in unlisted Latin American scooter firm Grow Mobility, the companies said on Wednesday, without disclosing financial details. Under terms of the deal...
Xerox drawn into duplicative Japanese fight
A company synonymous with copying should expect some duplication. Xerox has become aggressive since pushy investor Carl Icahn arrived on the scene. After rancorously blowing up a deal and ending a 57-year joint venture...
